ECITB Estimating Methodology and Practice
No. of Modules: 1
Study that fits your schedule
Total Course Fee per year is £462
Subscription Fee: Monthly Direct Debit Payment Plan: £144 upfront fee and £144 x 3 months (starting from month 1 to month 3 inclusive).
Introduction
For a construction project to be successful, it needs to remain profitable. Unfortunately, this is not as straightforward as it sounds. With so many variables on and off site that need to be taken into consideration, the cost of a project can swiftly get out of hand. In order to maintain clarity on costs and pursue profitability, accurate cost estimation needs to be conducted. This ECITB course in Estimating Methodology and Practice provides all the skills and understanding necessary to exceed in this vital role.
Construction workers are currently in high demand and given recent announcements for future plans of the built environment, it doesn’t seem to be changing anytime soon. This course can help you secure your position in a growing industry and become a valuable asset to your future employers. Learners will be able to make valuable contributions to estimations of all classes, produce cash flows and work efficiently with a team to produce an estimate. Furthermore, learners will be able to confidently apply their new skills across multiple different types of estimation software. Application of scaling factors, production principles and whole life costing will come easily to learners following successful completion of this course.
Estimating Methodology and Practice at The College of Contract Management
The College of Contract Management offer this course in estimation methodology and practice to help further the growth of the industry. We work alongside industry experts with extensive experience to offer high quality learning opportunities on a global basis. In order to ensure we are offering the best possible chances for success we work with experienced individuals to deliver our live online lectures. All lecturers with the College have a vast amount of experience within the industry. This experience is then shared with our learners through our interactive online learning environment.
This course in estimating methodology and practice is delivered live online to ensure learning is accessible regardless of your current location. In order to access this course and its benefits, all that’s required is a computer with access to stable internet and Microsoft excel. Additionally, our lectures are hosted outside of standard working hours. Through hosting our lectures on the weekend, we are able to offer learning opportunities regardless of existing work schedules. This means learners don’t need to be concerned about any impact of their current income whilst they further their professional development.
Key Benefits
Key Benefits
- Make decisions that will benefit the business
- Be able to speed up procedures and decrease delays
- Provide assistance in managing budgets to help avoid projects from exceeding their budget
- Influence a businesses success rate through accurate estimation
- Confidently navigate the different types of IT involved with estimation
- Successfully produce accurate cash flows for estimations
- Increase profitability for a project
- Improved customer relations
- Efficient resource management and planning
- Access to our student portal, Moodle
- Monthly payment plan available to help spread the cost of study
- Study that suits your schedule
- Lectures delivered live online via interactive screen-share software
- Certification of Completion awarded
Course Content
Course Content
Learning Objectives
Definitions and Terminology
Estimate Structure – Direct/Indirect/Other Costs
Classes of Estimate – Methodology and Accuracy Levels
Factored Estimates – In Depth Data and Techniques
Work Breakdown Structures
Contingency and Risk – Overhead and Profit
Location Factors – Productivity, Wage Rates and Currency Conversion
Escalation
Project Evaluation – Whole Life Costing and Cash Flow
IT Appreciation and In-House Databases
Estimate Documentation and Change Control
Technical Work Practices & Job Procedures
Benchmarking
Estimate Audits
Lifecycle Costing & Economic Evaluation
General Topics: Ethics, Duty of Care, Confidentiality, Career Development, Communication, Conflict Resolution, Effective Working Relationships & Team Building
Entry Requirements
Entry Requirements
This course in Estimating Methodology and Practice is designed to suit the needs of a variety of learners. If you have yet to study estimation, methodology and practice, this course is a great way to start this career path. Alternatively, if you already work in the field but are looking to refine your skills, this course can help you progress further along the career ladder.
Applicants are required to have access to excel in order to complete this course and the necessary skill assessments.
Course Delivery
Course Delivery
The Studying Process
The College of Contract Management strongly believes that development of skill is essential to industry progression, and opportunities for such development should be available to all. Opportunities for further education should not be limited to the select few, so we aim to make our courses as accessible and affordable as possible. Each of our courses are hosted live online, allowing us to reduce the cost and cancelling any need for commuting. Upon enrolment, students are granted access to our student portal, Moodle.
Moodle acts as a central hub for all our students needs. Once logged in you will have access to all necessary course resources. This includes live lecture links, assessments and your lecture timetable. In addition to live lectures, students will also have access to lecture recordings. If a learner misses a live lecture due to unavoidable commitments, they are able to catch up with any lectures they have missed via their student log in. Furthermore, from their student profile they will have access to the College’s internal messaging service. This allows students to have direct communications with the College admin team, their lecturers and their fellow students.
The Assessment Process
In order to gain certification for this course, learners are required to complete a short online assessment of skill. Once a learner has completed their lectures, assessments will be distributed via our student portal, Moodle. Assessments help our lecturers gain a clear understanding of what you have achieved throughout your studies. It enables us to see all you have learnt during your studies and see if there are any areas in which you may benefit from further support. Following successful completion of all lectures and assessments, students are awarded with a certificate of completion.
Period of Study
Period of Study
This ECITB in Estimating Methodology and Practice can be studied in less than one week. Completion time varies for each learner but those with more time to allocate to their studies can complete the course within 3 to 6 days.
Fee
Fee
The total cost is £
Pay Monthly: an upfront fee of £ and a monthly direct debit of £ for x consecutive months (Month 1 – Month x, inclusive).
